On 26 July 2017, U.S. Representative Sander Levin (D-MI) reintroduced the Stop Corporate Inversions Act in the House of Representatives. As provided in the announcement on the legislation, the Act includes the following: The legislation closes a loophole used by companies to unfairly lower U.S. taxes. The legislation treats a combined foreign corporation as a domestic corporation if the historic shareholders of the U.S. corporation own more than 50% of the new combined entity (current threshold is 80%). Regardless of the percentage ownership in the new combined corporation, if the affiliated group that includes the combined foreign corporation is managed...